Thomas Ragy 4
Research Summary
AI-generated summary
Sprinklr (CXM) 10% Owner Thomas Ragy Sells Shares
What Happened
Thomas Ragy, listed as a 10% owner of Sprinklr, sold 6,086 shares in a disposition transaction. The reported weighted-average price was $5.30 per share, for total proceeds of approximately $32,256. The filing indicates this sale was a sell-to-cover to satisfy statutory tax-withholding on vested restricted stock units, not a discretionary trade.
Key Details
- Transaction date: 2026-06-16; Form 4 filed: 2026-06-18 (appears timely — within the two-business-day reporting window).
- Shares sold: 6,086; weighted-average price: $5.30; total proceeds ≈ $32,256.
- Price range: shares were sold in multiple trades between $5.24 and $5.33 (footnote F2).
- Footnote F1: Sale was mandated to cover tax withholding for RSU vesting (sell-to-cover), not a discretionary sale.
- Footnote F2: Reporting person will provide breakdown of number of shares sold at each price on request.
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
This was a routine sell-to-cover tied to RSU vesting, which is common and generally not a directional signal about the insider’s view of the stock. As a 10% owner, Ragy’s holdings can be substantial, but this transaction reflects tax withholding rather than an independent investment decision.